The Week in Numbers – 26th October

The Week in Numbersblue news

34% – Year on year rise in SIPP claims reported by the Financial Ombudsman Service, from 210 in Q3 2014 to 281 in the same quarter this year

10 Years – Length of SIPP administration deal agreed between Curtise Banks and Zurich

100 – Number of Sanlam Wealth Planning employees whose jobs are under threat after the firm placed its Rhyl and Worcester offices under review

£49 – Annual cost to members of using the Pensions and Lifetime Savings Association’s new automatic enrolment guidance service

£5.3m – loss reported by Nutmeg in its 2014 annual accounts

£11.3m – Profit recorded by Woodford Investment Management during its first year of trading

£263m – Losses on investments held by Brooks Macdonald in the three months to the end of Septmeber

One – Number of advisers on the 15-strong expert panel advising the Treasure and the FCA’s Financial Advice Market Review

 

“There is only so much you can chuck at an industry and expect it to cope” – Apfa director general Chris Hannant on the regulatory burden of extending the senior managers regime to advisers .

 

Originally published in Money Marketing magazine 22nd October 2015

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Nikki joined Recruitment Connection in 2014 and undertakes industry research to provide relevant articles, information and writings for our blog.